Expected Moves

Lockheed's scheduled Q3 2026 earnings announcement. Assuming an entry at $512.00, the market expects clarity on whether the massive 437% YoY net income anomaly from earlier quarters sets an impossibly high comp. The bull target is $545.00; the adverse fallback is $482.00.

Anticipated year-end strategic defense directives from President Trump's administration, likely emphasizing hypersonic interceptors and Space Force expansion. From a $482.00 anchor, a favorable funding outline drives shares to $515.00, while budget sequesters or program cancellations push to $455.00.

Q4 earnings and the critical release of initial FY27 guidance. From $515.00, a strong forward book-to-bill ratio targets $548.00, whereas margin pressure on fixed-price development contracts risks a retracement to $485.00.

Release of the President Trump administration's FY2028 DoD budget request. From $548.00, elevated top-line funding targets $575.00, testing the 52-week high, while flat funding sends shares to $520.00.

First quarter earnings report for FY27. Anchored near the highs at $575.00, a flawless quarter breaks out to $605.00, while standard early-year execution drag results in a pullback to $535.00.

Mid-year industry review of critical defense supply chains. From $535.00, successful alleviation of propellant and motor shortages enables a recovery to $555.00, while persistent bottlenecks compress margins, driving shares to $500.00.

Second quarter earnings for FY27. At a reset valuation of $500.00, a return to margin expansion targets $532.00, whereas continued inflation on fixed-price contracts results in a drop to $475.00.